NDP says they hope carbon tax break can help oil and gas drilling companies

Oil and gas drilling companies exempt from carbon tax

The province is hoping to alleviate some of the stress oil and gas drillers in the province have been experiencing.

Premier Notley this week announced that the government would add oil and gas drilling to a list of trade-exposed industries who will be exempt from the provincial carbon tax.

Speaking to The One News Municipal Affairs Minister Shaye Anderson explains why this was something these companies desperately needed.

"It's a stimulus that we think will help the drilling industry which quite honestly appeared at historic lows when it comes to our natural gas prices, it's something we've been fighting for to get our resources to market and one of the things about that market is it's very trade exposed" says Anderson.

The exemption which was made retroactive to when the tax was introduced in 2017 is expected to provide between $750,000 to $1.5 million in relief for the industry.  (JSL/THE ONE NEWS)

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